The development and implementation of an organization’s product or service can be a high-stake endeavor. Plus, today’s level of disruption and pace of change is accelerating rapidly within companies, putting pressure on their ability to execute strategic initiatives.
To address these dynamics, Enterprise Program Management (EPM) has evolved from a supporting function within companies to a core business capability focused on end-to-end strategy execution and value realization.
EPM functions, including project portfolio management, enterprise program management and project management, play a critical role in aligning, prioritizing, managing and governing change efforts across the organization.
Enterprise Program Management enables seamless integration, product innovation, and better risk management and decision-making when overcoming difficult challenges. Our intent is to help our clients succeed — no hidden agendas.
Navigating Enterprise Program Management Challenges
Being agile and turning strategy into business value, products and services has become a real challenge. Companies can have the best business strategies in the world, but if they can’t deliver on them, they’re worthless. Modern Enterprise Program Management should build development strategies and successfully deliver sustainable results.
There’s a long list of reasons why companies struggle with EPM results – here are some:
Projects might not align with rapidly changing business skills and strategies
Lack of 360-degree view of project portfolio across business units
No governance to align priorities and rank initiatives and projects
PMOs are often bureaucratic and slow things down versus enabling change
Lack of clarity on project value and how to measure value creation
Not having the right job or people involved upfront to create good plans and solutions
No standards in how work is organized and planned
Lack of accurate, real-time, and automated reporting
Centric resources were able to quickly assess our needs for an in-flight technology implementation and immediately add value to our program – spanning areas such as requirements definition to training. The resources worked well with a mix of internal stakeholders, project sponsors and technology experts to support an aggressive implementation timeline. Centric’s knowledge of the technology platform was crucial in their ability to drive us to a successful launch.
Here’s how we can help elevate your portfolio, project and program management business functions:
EPM Education, Evaluation and Roadmapping
The ability to deliver strategic programs and projects that create significant business value has never been more important or difficult as it is in today’s economy. Our team of consultants and EPM experts can help you identify opportunities to improve the maturity and alignment of EPM capabilities to enable business agility and value realization.
We share results in a collaborative and meaningful way, working with clients on an actionable EPM capability roadmap to drive ongoing maturation and improvement initiatives.
EPM Capability Development
There is no “one-size-fits-all” when creating or enhancing a project or program management office (PMO) and its supporting EPM capabilities. You need the most effective organizational solution for optimal results.
Together, our team of expert consultants and experienced professionals work with our clients to implement or improve EPM capabilities including portfolio management, intake, program and project governance, reporting, agile delivery methods, tools selection and implementation, and delivery leadership training.
EPM Execution and Delivery Services
To address the ever-increasing pace of change and number of initiatives, your company might need a trusted management consulting partner to help with delivery. Regardless of whether the need is to help lead large and complex initiatives, help turn around underperforming projects, or address surges in project demand, we’ll work with you to execute your most important programs and projects.
Our experienced professionals are seasoned change leaders, have strong business and technology acumen, expert management consultant experience and assimilate seamlessly into organizations and their culture. Each of our professional consultants help our clients’ project manager or organization team develop an EPM strategy to create solutions.
Are you struggling with portfolio management during a crisis?
Learn new program management strategies to better prioritize your projects so you can keep your long-term goals in mind.
The EPM capabilities of portfolio, program, and project management drive all aspects of a company’s ability to execute against their strategy and deliver business value.
Despite their importance, each of these capabilities must evolve to meet the needs of a more globalized economy, the speed of business transformations, and the constant modernization of product development, product management and software delivery methods.
We have the frameworks and supporting tool kits to upscale end-to-end EPM capabilities and rapidly deliver value.
Time is a premium with constant disruptions so starting with the end in mind is critical. Businesses that successfully transform and build out world-class EPM capabilities will be able to:
- Ensure investments align with strategic vision
- Bridge the gap between strategy and execution to accelerate value realization
- Enable agile delivery of new business & technology capabilities
- Provide a 360° view of initiatives across the organization
- Provide effective governance of costs, resources and risk
- Establish standards & metrics, reporting to make data relevant, timely & accessible across the global footprint
- Yields ability to respond to unexpected events without losing sight of the company’s highest goals
Business does not happen in a vacuum.
Technology and digital innovations are spurring business transformation, and growing requires adapting to new products and services — or creating your own. It is our job to provide the experience and expertise to help you create solutions and adapt to new services.
To succeed with Enterprise Program Management, you have to start at the beginning by addressing the issues causing inconsistency — from strategy to execution to leadership and accountability. Contact us today to learn more about how your organization can benefit from modern program management consulting. Learn More
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